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5-5A Highgate

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Shop for sale

£625,000 5,461 sq ft

Robert Pinkus & Co
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Contacts

Danny Pinkus - Robert Pinkus & Co

Mark Harrison - Robert Pinkus & Co

Full address
5-5A Highgate, Kendal LA9 4DA – Kendal
Property owner
Butt Bros & Cooke Ltd
Property type
Shop for sale
Asking price
£625,000
Available space range
There is 1 space available. This measures 5,461 sq ft.
Brochure
Download the brochure

Sale details

Sale unit 2547186 Available

5,461 sq ft, £114.45 per sq ft

Unit Sale unit 2547186
Address 5-5A Highgate, Kendal, Cumbria, LA9 4DA, GB
Size 5,461 sq ft
Price £625,000
Price per unit £114.45 per sq ft
Unit Sale unit 2547186
Address 5-5A Highgate, Kendal, Cumbria, LA9 4DA, GB
Size 5,461 sq ft
Price £625,000
Price per unit £114.45 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 8.14%

Sale notes

  • The available investment comprises ground floor retail units with additional retail/office space above.
  • The premises are arranged as two shop units, each with basement storage accommodation together with self-contained office accommodation above.
  • This accommodation at first and second floor levels is accessed via a separate entrance located down a passageway off highgate, to the south side of the building.
  • The upper parts overfly this passageway.
  • The property also includes part of the first floor adjacent building (9 highgate).
  • Planning permission has been secured for four apartments on the vacant upper floors, comprising 3 one bedroom and 1 two bedroom.
  • Offers in excess of £625,000 are invited, subject to contract and exclusive of vat.
  • This reflects a net initial yield of 8.14% assuming purchaser’s costs of 5.8% with potential to create additional value by conversion of the upper floors.

Property description

The property comprises a terraced, three storey plus basement level building of masonry construction providing retail/office accommodation.

The property is located fronting Highgate in Kendal. Junction 37 of the M6 lies approximately 4 miles East of the property and provides access to Preston to the South and Carlisle to the North.

Building subtype
Storefront
Number of storeys
4
Rentable building area
5,461 sq ft
Year built
1829
Utilities
Lighting - Fluorescent

Attachments

PDF #1 Marketing brochure/flyer Download

This shop for sale is located in Kendal.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Robert Pinkus & Co. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Robert Pinkus & Co for full details and further information.